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Islamicoin E
Islamicoin E
Version: 2.0
Classification: Public
ISLAMICOIN White Paper Version 2.0
Table of Contents
Global Overview ........................................................................................................................................................................ 3
Bait Al-Mal....................................................................................................................................................................................6
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Global Overview
The global monetary system has witnessed radical developments since the
beginning of this century, manifested in the emergence of cryptocurrencies, with the
launch of the decentralized cryptocurrency “Bitcion” for the first time in 2009,
accompanied by the establishment of a system for recording and documenting
information digitally in a chain of blocks that are impossible to penetrate.
This technology was called Blockchain, as it was considered a new revolution in the
world of technology comparable to the Internet revolution at the end of the last
century.
From this point of view, and in keeping up with the rapid technological development
and the need for the Islamic world and Muslims around the world to engage in this
technology and achieve financial independence in accordance with Islamic rules and
values, ISLAMICOIN cryptocurrency was launched.
What is ISLAMICOIN?
ISLAMICOIN is the largest Islamic technology project that utilizes blockchain
technology, in addition to media, commercial, financial, entertainment and charitable
projects.
The project aims to build an Islamic blockchain that helps achieve financial
independence for individuals, companies and charitable organizations in the global
Islamic community in addition to building a Decentralized Autonomous Organization
(DAO) that operates according to Islamic Sharia in its content and transactions.
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ISLAMICOIN Projects
ل فيَ س َناب
َ سبْ َع َ ت ْ " َك َم َثل حَ َّبة أَ ْن َب َت: عمال باآلية الكريمة ً
شاءُ " صدق هللا العظيم َ َف ل َم ْن ي ُ الل ُه يُ َضاع َّ َس ْنب َُلة م َائ ُة حَ َّبة و
ُ ُكل
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4 -ISLAMImall is an online store that offers Islamic clothing, halal food and various
goods and products. Payment can be made by using ISLAMICOIN in addition to the
standard accepted payment methods.
5 -ISLAMImetaverse is an Islamic metaverse project that takes you around the world
to visit and interact with the most important religious and historical locations of Islam
in an amazing life-like and fascinating experience.
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Bait Al-Mal
ISLAMICOIN work team has allocated 5% of ISLAMICOIN total supply for Bait Al-Mal
to be used for charitable causes. The percentage will be disseminated in a gradual
manner that does not affect the price of ISLAMICOIN. The team will put together a
voting system in which the ISLAMICOIN holders will be able to participate and vote
for the charitably causes Bait Al- Mal will be funding (conditions will be determined
later).
We will work on getting approval from the specialized Sharia office to adopt
ISLAMICOIN as the means to pay the Zakat.
In addition to that, each of ISLAMICOIN projects has broad prospects for growth and
global expansion
It is expected that the value of ISLAMICOIN and its cryptocurrency projects and
businesses will reach billions of dollars in the next few years, God willing.
The projects are expected to grow and prosper, with the increase of investors and
consumers.
An increase of 35% is expected in the global Muslim population by 2030, rising to 2.2
billion, and if the current trends continue, Muslims will make up 26.4% of the world’s
population in 2030 according to reports and statistics.
The percentage of youth is the highest in Islamic societies. In the Arab world alone,
young people constitute 32% of the total population in 22 Arab countries, and the
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number of young people between the ages of 15 and 29 is more than one hundred
million of the current population of the Arab world.1
Adding to that, surveys reveal that 94% of all cryptocurrency buyers are between 18-
40 years old, and data shows that there’s a clear correlation between age and the
possibility to buy cryptocurrency, proving that cryptocurrency s major audience and
market is a young one.2
A study published by the leading company specializing in market and consumer data,
Statistics, shows the value of halal consumer spending worldwide in 2019 by
category, and provides a forecast for 2024, listing the 6 main sectors of the halal
market
ISLAMICOIN in all the projects and the future steps is relying on trusted market
research and studies as well as a futuristic vision and trust in being a key partner for
the Muslim communities and generations all over the world.
1
Hassan, Islam; Dyer, Paul (2017). "The State of Middle Eastern Youth".
2
https://www.stilt.com/blog/2021/03/vast-majority-crypto-buyers-millennials-gen-z/
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1000
800
600
2019 2024
According to the charts, all the major sectors are expected to continue growing in the
coming years proving that ISLAMICOIN is the right investment on many levels.
ISLAMICOIN contract is built on solidity version 0.8.4 (latest stable version), the
contract code will be available on github https://github/islamiblockchain & Polygon
Scan.
https://polygonscan.com/token/0x9c891326fd8b 1a713974f73bb604677e1e63396d
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Decimals Unit name is “SPIKE "Sonbola (as “Fils” for “Dirham” & “Satoshi” for
“Bitcoin”) Each one ISLAMI = 10 Million (10000000 SPIKE sonbola)
Who We Are
ISLAMICOIN is run by a network of professionals spread around the world, including
team leaders and successful businessmen and entrepreneurs in the fields of finance,
cryptocurrency, media and trade.
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ISLAMICOIN will enable merchants to reach the growing digital asset economy
through our solutions and meet the demand predicted be the World Bank in which
10% of global GDP will be generated on block chains by 2025, a value of 10 trillion
USD.
Currently there are tremendous opportunities for investors in the sector of Muslim-
themed media, entertainment, and opportunities to generate returns are on the rise
And as the young Muslim generations are increasing, the demand for a digital
presence of the Islamic world will be higher. Muslim themed television shows, series,
documentaries, movies and many media categories ranging from cartoons to series
and lifestyle to religious content, in addition to apps, games and media platforms, are
gathering online mass viewership globally
In 2019 Muslim spend on media and recreation increased by 3.7% to $222 billion in
2019 from $214 billion in 2018, while Muslim consumer spending on media is expected
to grow at a rate of 3.9% from 2019 onwards to reach $270 billion in 20243
While it is well known that media production, distribution and broadcast require
extensive investments and high budgets, ISLAMICOIN will meet the demands of the
viewers, offering a form of partnership and cooperation between different players in
the media sector to ensure further growth to all the involved parties.
With online viewership increasing, our research showed the need for a global
platform offering Muslim themed programs, applications and games, with a global
vision taking into consideration the linguistic, cultural and educational diversity,
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ISLAMICOIN will also create an online multimedia library where professional users
will have premium access, and the possibilities to exchange content, to buy or sell
their audio- visual digital productions through the largest platform for Muslim and
non-Muslim themed content gathered from around the world.
Islamic audio, video content will be provided in high definition for commercial and
noncommercial use, and a wide variety of categories will be available, including
culture, history, geography, nature, religion, business, arts, fashion, scenery and
many other mediums.
ISLAMICOIN offers a new model and mechanism for online payment and content
monetization by adopting a pricing strategy, and a premium service for consumers,
individuals or corporations, with choices ranging from free content to paid services
while protecting copyrights and ownership of content.
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compound annual growth rate (CAGR) of 8.7% to reach $218.7 billion in 2024,
surpassing the $200-billion threshold in 2023.4
The importance of creating and developing games appealing to the needs of Muslim
lifestyles, cultures and interests is more urgent than ever as media remains the main
source of entertainment, especially with the increasing demand for safe and values-
driven content for children and the young.
ISLAMICOIN’s plan in the gaming industry will provide families and the younger
generations with safe, credible and high-quality games, conveying Islamic values in a
new form of entertainment appealing to many age categories. The below charts and
statistics published by Finance online, reviews the video games industry, highlights
the importance of this sector, through the number of game users, the top generations
and age ranges, and the choice of the platforms.
4
State of the global Islamic Economy Report 2020/2021
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The table below shows the average hours spent on online video games by age range
in 2020
70
65.1
60
50 47.5
40
33.8
30 26.2
26 25.2
23.6
20.2 20.7 21.2 20.2
19.5
20 17.2 16.7 18
13.7
12.6
11.1 11.1
10 8.3
7.3 7.2 6.8
5.4 4.7
3.3 3.5
2.4
1.3 0.4
0
18-25 years old 26-35 years old 36-45 years old 46-60 years old Over 60 years old
Islamic Fashion
Islamic clothing and fashion have been witnessing a rapid growth in the 21 st century,
sparking worldwide recognition and demand. Muslim spend on apparel and footwear
increased by 4.2% in 2019 to $277 billion, while it is expected to grow at a 5- year
CAGR of 2.4% to reach $311billion in 20245.
5
Same source
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market, especially since businesses have shifted to new marketing approaches and
the vast majority of them have already developed their online stores and markets.
There are major factors driving the growth of the fashion market worldwide, including
a rising Muslim population, a growing interest in modest clothing, and a rapidly
expanding young Muslim population. The power of e-commerce has become even
more important as consumers turn to online shopping during the restrictions
imposed by the pandemic.
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Using ISLAMICOIN in the retail industry offers the consumers the ability to receive
details about the origins of the material, the elaboration, the quality and the
manufacturing process including date and location.
This allows them to monitor the textile products from their initial steps to their final
phases, using the blockchain technology as a way to track the product. This
technology can also be used by the manufacturers and companies selling ready to
wear modest Muslim apparel and clothing, to trace suppliers and consumers.
Consumers and end users will be able to buy their clothes, accessories and latest
Islamic fashion apparel and garments using ISLAMICOIN platform, where they will
be able to easily and quickly find the majority of manufacturers, sellers, retailers and
all companies involved in this industry, and make the transactions using
ISLAMICOIN in a safe and secure way.
Moreover, with a large consumer base of young Muslims, the Islamic economy is
quickly expanding and creating numerous opportunities for the economic growth
thus the Halal foods industry growth.
In fact, according to State of the Global Islamic Economy Report, Muslim spend on
food increased by 3.1% in 2019 to $1.17 trillion from $1.13 trillion in 2018, with a CAGR of
3.5% expected between 2019 and 2024, and spending forecasted to reach $1.38 trillion
by 2024.
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Food delivery, ready to eat, online groceries, in addition to the new innovation in
cloud kitchens, are the best areas witnessing growth and profits, and attracting new
investments.
With more food market leaders and chains heading towards the halal market,
ISLAMICOIN’s involvement in the halal food sector is a major investment
opportunity.
While some restaurant chains are starting to digitize their food production, halal food
sold through ISLAMICOIN will be a unique blockchain-based food, traceable,
certified and authenticated by the certified by the authorities authorized to issue halal
certificates
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Recent reports in the Arab News, state that the trade volume of halal products
worldwide is said to be worth about two trillion dollars, of which 700 billion dollars is in
the Islamic market.
As more countries with Muslim majority markets, are requiring halal certified
products, such as Indonesia, India and Malaysia, halal cosmetics are gathering
attention and products are more diversified. Furthermore, the major cosmetics
companies, ingredient manufacturers and products are intensifying their efforts in
6
State of the global Islamic Economy Report 2020/2021
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production and distribution to satisfy the large needs of the markets globally.
ISLAMICOIN steps in to be the platform gathering consumers, businesses and
professionals in the industry to trade, sell and distribute their products using the
latest blockchain technology.
Adding to that, the brands and manufacturers suffering from a modest online
presence, will find with ISLAMICOIN the right platform for their businesses and
growth, opening a worldwide market and easy access to consumers.
By this ISLAMICOIN helps the charities to expand the market for their products
internationally without charging any fees for this charitable work.
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The Muslim spend on travel increased by 2.7% in 2019 to $194 billion from $189 billion
in 2018. this market will grow at a 5-year CAGR of 1.4% from 2019 to 2024. Investors are
finding new opportunities in this growing sector, as travel companies are enhancing
customer experience, and using new technologies in addition to diversifying their
services to meet the new travel standards.
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